Remarketing

Manheim Auctions See Used Values Grow in January

This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market.

Image courtesy of Manheim.

Most used vehicles running through Manheim auctions saw seasonally adjusted price gains in January, according to Manheim.

This rise in values among the majority of vehicle segments led to a rise in Manheim's Used Vehicle Value Index, which grew 3.3% to 135.4 in January.

This growth was in large part fueled by the strong performance of lower-priced vehicles. Compact cars and midsize cars, in specific, saw the strongest growth among all vehicle segments and outperformed the overall market, in terms of value at auction.

In contrast, utility vehicles and pickups underperformed the overall market.

In the retail market, used vehicle sales volume was down 1.1% year-over-year in January, according to Cox Automotive. New vehicle sales also saw a decline in sales, falling 2.1% year-over-year.

Meanwhile, combined rental, commercial, and government new-vehicle sales were up 10.2% year-over-year in January.

Black Book's Used Vehicle Retention Index fell to 113.6 in April, a 0.2% decline from March. Despite the index now falling for five straight months, it is still 1.4% higher than the 112 registered a year ago.

Build Data comprises "as built" content such as optional equipment specific to a unique 17-digit VIN. This new integration will allow for a higher degree of valuation precision for General Motors vehicles.

The 2019 Consignor of the Year award was given to Chris Clarke of ARI this year. He spoke with Automotive Fleet to talk about his win, the remarketing industry as a whole, and ARI's remarketing operations.